For parents

Support your child taking their first steps in the world of money too

Debit card is free of charge until your child turns 20.
You can order a bank card for your child from the age of 6.
You can conveniently view and manage your child's account from your Internet bank.
With mobile app, your child can see their account balance, and can quickly ask for more money.
NEW! Easy Saver – a free smart solution that teaches your child how to save money step by step.

Overview of banking services for children

	For children up to 5 years Open account digitally	For children aged 6 to 17 years Open account digitally
Bank account Opening an account for a child If your child is less than 7 years old, you only need their personal identification number to open an account. If your child is 7 or older, you need their Passport or ID card to open an account. The Internet Bank and Mobile Bank agreements can be entered into for children who are at least 6 years old. If you’d like your child to be able to use the mobile app on their phone, create a Smart-ID for them. If your child has an ID card, you can create the Smart ID online.
Bank account Opening an account for a child If your child is less than 7 years old, you only need their personal identification number to open an account. If your child is 7 or older, you need their Passport or ID card to open an account. The Internet Bank and Mobile Bank agreements can be entered into for children who are at least 6 years old. If you’d like your child to be able to use the mobile app on their phone, create a Smart-ID for them. If your child has an ID card, you can create the Smart ID online.	0 €/month You can open an account for your child as soon as they are born. You only need their personal identification number.	0 €/month For children aged 7 years or more you need your child’s passport or ID card to open an account.
Bank card Why order a bank card for your child? Paying with a card is safer than using cash as the money will stay safe even if you lose the card. The parent can monitor their child’s expenses, and assign daily or monthly limits for the card. That way the child will learn to use electronic money under the watchful eye of their parent. The first card is free of charge and without monthly fee until your child turns 20. How to use bank card safely?
Bank card Why order a bank card for your child? Paying with a card is safer than using cash as the money will stay safe even if you lose the card. The parent can monitor their child’s expenses, and assign daily or monthly limits for the card. That way the child will learn to use electronic money under the watchful eye of their parent. The first card is free of charge and without monthly fee until your child turns 20. How to use bank card safely?	-	0 €/month until your child turns 20 You can order a bank card for your child, if they already have an account and are 6 or older. 0.32 €/month until your child turns 26
Viewing the card's PIN code in the app To view your card’s PIN code in the app, log in and tap on the "Cards" section in the bottom menu. Choose your card and click "Card PIN". After tapping, confirm it with your chosen authentication method. The card’s PIN code is shown for 30 seconds. Do not show your PIN code to other people.
Viewing the card's PIN code in the app To view your card’s PIN code in the app, log in and tap on the "Cards" section in the bottom menu. Choose your card and click "Card PIN". After tapping, confirm it with your chosen authentication method. The card’s PIN code is shown for 30 seconds. Do not show your PIN code to other people.	-
Contactless payments You can enable the contactless payment option for your child’s card via your Internet Bank. Whenever need be, you can activate and deactivate this option. The contactless payment option allows you to pay for purchased of up to €50 without having to enter your PIN. Read more about contactless payments Mobile contactless payments
Contactless payments You can enable the contactless payment option for your child’s card via your Internet Bank. Whenever need be, you can activate and deactivate this option. The contactless payment option allows you to pay for purchased of up to €50 without having to enter your PIN. Read more about contactless payments Mobile contactless payments	-	Parent can allow or restrict.
Online shopping You can also enable the online shopping option for the card. This requires your child to have an Internet and Mobile Bank Agreement. You can activate the online shopping option in the Internet bank once you feel that your child is ready for it. Read more about online shopping
Online shopping You can also enable the online shopping option for the card. This requires your child to have an Internet and Mobile Bank Agreement. You can activate the online shopping option in the Internet bank once you feel that your child is ready for it. Read more about online shopping	-	Parent can allow or restrict.
Mobile app for a child The Internet Bank and Mobile Bank agreements can be entered into for children who are at least 6 years old. Why would your child need the mobile app? Your child can perform simpler transaction by themselves – e.g. check their balance quickly and conveniently. If your child runs out of money, they can ask you for more by using the „Ask for money“ function. You can then conveniently send them money in your mobile bank. Your child needs to be at least 6 years old to start using the mobile bank. You’ll need to download the mobile app to the child’s smartphone and then activate it with the passwords received from our branch. Read more
Mobile app for a child The Internet Bank and Mobile Bank agreements can be entered into for children who are at least 6 years old. Why would your child need the mobile app? Your child can perform simpler transaction by themselves – e.g. check their balance quickly and conveniently. If your child runs out of money, they can ask you for more by using the „Ask for money“ function. You can then conveniently send them money in your mobile bank. Your child needs to be at least 6 years old to start using the mobile bank. You’ll need to download the mobile app to the child’s smartphone and then activate it with the passwords received from our branch. Read more	-	Parent can also allow only the account balance to be viewed.
Smartphone or smartwatch payments New payment options from 6 years of age In addition to the card, your child can also conveniently pay with a smartphone or smartwatch. It is possible to use Apple Pay, Google Pay, Swedbank app or Garmin and Fitbit smartwatches. You can also see your digital wallets and service providers (if they support a digital card solution) associated with your card in our app. See user manual NB! Apple Pay and Google Pay are available from the age of 13.
Smartphone or smartwatch payments New payment options from 6 years of age In addition to the card, your child can also conveniently pay with a smartphone or smartwatch. It is possible to use Apple Pay, Google Pay, Swedbank app or Garmin and Fitbit smartwatches. You can also see your digital wallets and service providers (if they support a digital card solution) associated with your card in our app. See user manual NB! Apple Pay and Google Pay are available from the age of 13.	-	Starting from 6 years.
Easy Saver Easy Saver helps your child to collect money step by step on their own. Easy Saver works in a very simple way: the amount of each card payment is rounded to the next full euro, and the difference is transferred to the child’s Easy Saver. If necessary, the child can turn Easy Saver on or off at any time, and the saved money can be withdrawn too. To use the Easy Saver, the child must have an Agreement of Teleservices and the "all services" profile activated. Your child's account information is used for the Easy Saver. You can read more about the principles of data processing here.
Easy Saver Easy Saver helps your child to collect money step by step on their own. Easy Saver works in a very simple way: the amount of each card payment is rounded to the next full euro, and the difference is transferred to the child’s Easy Saver. If necessary, the child can turn Easy Saver on or off at any time, and the saved money can be withdrawn too. To use the Easy Saver, the child must have an Agreement of Teleservices and the "all services" profile activated. Your child's account information is used for the Easy Saver. You can read more about the principles of data processing here.	-
Saving for your child: College Fund + One of the options for saving seed money for your child is College Fund+, that is meant for long-term saving.
Saving for your child: College Fund + One of the options for saving seed money for your child is College Fund+, that is meant for long-term saving.
Investing for your child Additionally, you can use any other investment possibilities to save money for your child. You can do so on your own or on your child’s account. Read more about opening of securities account.
Investing for your child Additionally, you can use any other investment possibilities to save money for your child. You can do so on your own or on your child’s account. Read more about opening of securities account.

Until a child turns 18, their account is linked to the account of their parent or legal representative.

Easy for children. Starting from 6 years

With the app a child can:

quickly check their account balance in their phone;
conveniently ask for more pocket money by using the “Ask for money” function;
switch on or off the Easy Saver tool.

Would you like your child to have access to the mobile app? See how to create a Smart-ID for your child.

Smart-ID for children

If you’d like your child to use mobile bank and log in to e-school by themselves, the most convenient identification method is Smart-ID.
Smart-ID is available for children from 6 years old. It’s convenient, safe and free of charge.
If your child has an ID card, you can create a Smart-ID for them online.
You can also get a Smart-ID in one of our branches. For that, visit the branch with your child, and remember to bring with you both your child’s smartphone, as well as your own and your child’s ID cards or passports.

How to create a user ID for a child and find an existing ID?

A child can have a user ID if they have a Swedbank account and are at least 6 years old. The user ID will be created for them if they want to start using online banking.

You can request or create a user ID for your child as follows: by logging into the Internet bank, calling the number 6 310 310, sending a bank message, or visiting a branch.

Additionally, you can see the child’s user ID in your internet bank:

Click on your name in the top right corner and select "Payment limits and user management" from the menu;
In the "Other Teleservices Agreements I'm added to" section, click the "Edit" button next to the child’s name;
In the pop-up window, you’ll find the child’s user ID under "Users" – a 6-7 digit code.

New! Teach your child to save in small but smart steps with Easy saver.

How often does your child pay by card daily?

Possible total monthly savings
30EUR

The calculation of Card payment round-up is an example, assuming the amount of one round-up is 0,50EUR. The results given are an approximate example and may differ from actual results.

For children, being able to use their own money is a big and exciting step towards becoming a grown-up. Getting their first bank card feels special and using electronic money takes practice to start with. Here you will find some useful tips that will help children handle money in the right way.

Always set a little aside.

Always keep track of how much money you have.

Wherever possible, pay by card.

Paying by card is always safer than paying in cash. If you carry a card instead of cash, you’ll still have your money even if your wallet’s stolen. Nobody can take your money from your bank card if they don’t know your PIN. Your parents undoubtedly pay by card wherever they can – most people dislike carrying a lot of loose cash around in their pockets, after all. And in Estonia you can pay by card pretty much everywhere.

Never tell others about your money matters.

Memorise your PIN and keep it to yourself.

Save your money for things you need.

If you lose your bank card or if it is stolen, tell your parents right away.

The best place for coins is in a piggy bank.

If the ATM eats your card, tell your parents right away.

Always ask your parents for advice if someone asks to borrow money.

As handling electronic money takes some getting used to, you should also teach your child how to navigate in the digital environment from an early age. Here you will find some useful tips that will help children get prepared.

Always set a screen lock for your phone or smart device.

If you leave your house, what do you do? You lock your door. This is why your computer is protected by a password and your bank card by a PIN – so that no one can access your personal things. Your phone is like a house where your keep your personal things: the phone numbers and pictures of your friends, personal text messages and e-mails and, as you get older, your finances. Therefore, you need to keep your phone locked when you’re not using it.

Create a safe password containing numbers and upper- and lowercase letters.

A safe password has at least eight symbols and alternates between upper- and lowercase letters and numbers. Here’s a tip for creating a password: choose your favourite song and write down the first two lines.

Example: Twinkle, twinkle, little star, how I wonder what you are

Write down the first letter of every word: ttlshiwwya.
Now alternate the upper- and lowercase letters: TtLsHiWwYa.
Replace some of the letters with numbers: E = 3, S = 5, I = 1, B = 8, G = 6.
TtL5H1WwYa – this is a safe password that you will always remember because of the song.

Use different passwords on different sites (e.g. e-mail and social networks).

Don’t open e-mails, links or pictures sent by strangers.

Download apps safely and from official app stores.

Maintain your privacy and never give out your personal details online.

Recognise cyber bullying and report it to your parents or teachers.

Browse safely online and don’t open websites or links that seem suspicious.

Be careful about what your post on the Internet – it will stay there, and it’s hard to delete.

Everything you write (e.g. social media, comments and forums) or upload (pictures and videos) on the Internet will still be there even after you delete it. Information that is uploaded to the Internet is available to everyone. Even if a website has shut down, the information that was stored there can later be found by using a search engine. The information you’ve posted on the Internet may be searched for by your friends but also by your future employers or a school you’re trying to get into. Would you like it if a recklessly written story or uploaded picture embarrassed you later on in life?

Act responsibly.

Experiment with the amount of the allowance.

Give them their allowance regularly, if possible.

When should you start giving your child an allowance?

Let your child participate in the family's budgeting.

Make an agreement with your child.

Show your child how to set short- and long-term financial goals and put together a plan to achieve these objectives.

Teach your child to distinguish what they want from what they need.

Acknowledge your child's.

Set an example.

Child's own bank card.

Easy Saver

Easy Saver helps your child to collect money step by step on their own. Easy Saver works in a very simple way: the amount of each card payment is rounded to the next full euro, and the difference is transferred to the child’s Easy Saver.

College Fund+

One of the options for saving seed money for your child is College Fund+, that is meant for long-term saving.

Investing for your child

Additionally, you can use any other investment possibilities to save money for your child. You can do so on your own or on your child’s account. Read, how to invest for your child.

Not a customer yet?

For parents

Support your child taking their first steps in the world of money too

Overview of banking services for children

For children up to 5 years

For children aged 6 to 17 years

Opening an account for a child

Opening an account for a child

Why order a bank card for your child?

Why order a bank card for your child?

Why would your child need the mobile app?

Why would your child need the mobile app?

New payment options from 6 years of age

NB! Apple Pay and Google Pay are available from the age of 13.

New payment options from 6 years of age

NB! Apple Pay and Google Pay are available from the age of 13.

Easy for children. Starting from 6 years

New! Teach your child to save in small but smart steps with Easy saver.

Easy Saver

College Fund+

Investing for your child

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